Thursday 26 April 2018

Rosen may be followed by other execs leaving Yahoo

Should the departure of one of Yahoo's most senior executives, Mickie Rosen (pictured), be a source of concern to the online portal's star CEO, Marissa Mayer? Possibly, if more colleagues follow her.

And they may well do, according to the 'Wall Street Journal's' influential 'AllThingsD' columnist Kara Swisher. But the reason has little to do with any personality clashes with Mayer. Instead, it is down to simple economics.

Lucrative stock options have vested recently for some high-ranking executives, says Swisher. And many of these executives are not part of Mayer's "tightly knit and unusually loyal" circle of executive associates.

Yahoo's shares have performed very well this year, with a 40pc rise beating market averages. However, the company recently reported lower-than expected second-quarter sales of $1.07bn (€809m), leading to a fall of 4pc in Yahoo's share price over the past 48 hours.

On the face of it, Rosen's departure leaves Yahoo with a major gap in its team. Rosen, who used to work at Disney and Fox News, looked after one of the most important parts of Yahoo's online operation, the Yahoo Media network. Mayer has emphasised online video, an area overseen by Rosen, as part of her effort to revive growth at the largest US internet portal.

Irish Independent

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